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. insurance for the modern world. now backed by allstate. click or call. >>> the ongoing drama of banks screwing homeowners, one of the greatest stories of the recession continues to go on. joining me at the table, former governor eliot spitzer and from the fannie mae research, jim carr and congressman cummings. this is what would happen if we can get principle reduction, discount the amount people owe on their homes. you asked for that. >> i asked for that report. the findings were very clear. the congressional budget office, which was independent said it's a win-win-win. a win for homeowners and taxpayers and a win for the economy. they recommended we do this and be done as fast as possible. >> the question is, why hasn't it been done? a few theories. one is the dimarco theory of fha. and the other is the administration's theory and this book about tim geithner talking about a program created by the administration as part of the t.a.r.p. money to help people work through foreclosures. we estimate the banks can work through 10 million foreclosures provides they help foam the runway for
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